Loan repayment sureties/guarantees, granted in cooperation with banks providing credit facilities under the government programme “Supporting Entrepreneurship through BGK Sureties and Guarantees”

Loan repayment sureties/guarantees, granted in cooperation with banks providing credit facilities under the government programme “Supporting Entrepreneurship through BGK Sureties and Guarantees”

Beneficiaries and types of surety/guaranteed loansA surety/guarantee is a form of loan repayment security which the Entrepreneur may receive in order to obtain an investment loan or a working capital loan, in particular for:

projects co-financed by the European Union,

infrastructure projects,

projects related to the development of the SME sector, including projects implemented with the use of public funds.

A surety/guarantee enables a Borrower who does not own sufficient assets or does not want to use them to secure a part of the loan.Sureties or guarantees may not be granted for loans extended by BGK.

Surety/guarantee amount Sureties/guarantees are granted for up to 80% of the loan amount, but they are subject to the requirement that the minimum amount of a surety or a guarantee is not less than PLN 3,500,000, and the maximum amount of a surety or a guarantee is not higher than the equivalent of EUR 10,000,000*.

Sureties/guarantees for repayment of a foreign currency loan are granted in PLN (Polish zloty).Sureties/guarantees do not include interest and other loan-related costs.Sureties/guarantees apply for their coming into force date and no longer than the loan term extended by three months.

Commission feeBGK charges a commission fee for granting a loan repayment surety/guarantee. The fee is paid annually in advance and is calculated on the basis of the amount of loan repayment surety/guarantee valid as at the beginning of the year of surety/guarantee for which the fee is due, with the exception of revolving loans for which the commission fee is calculated on the basis of the amount of the loan limit surety/guarantee.

If the period of validity of a surety or a guarantee for the calculation of a commission fee is shorter than one year, the fee for this period is calculated for each started month of validity of a surety/guarantee in the amount of 1/12 of the annual fee on the basis of the amount of the guarantee valid as at the beginning of a given year.

The rate for the annual period of loan repayment surety:3.8% - if the applicant is a microenterprise, small or medium-sized enterprise**.From 0.95% to 3.80% - for larger businesses (the rate is determined individually and depends on the risk class assigned when BGK is granting a security).

The rate for the annual period of loan repayment guarantee: 3.8% - if the applicant is a microenterprise, small or medium-sized enterprise**.From 1.15% to 4.00% - for larger businesses (the rate is determined individually and depends on the risk class assigned when BGK is granting a security). BGK charges a commission fee in the amount of PLN 1,000 for considering an application for granting a surety/guarantee pursuant to the Tariff of Fees and Commissions applicable at BGK (it can be found in the file to be downloaded below the text). If the application is accepted, the fee is deducted from the commission fee for the first year of the security.

SecurityThe basic security for a loan repayment surety/guarantee is a blank promissory note with a "no protest" clause. Additionally, the Client files a declaration of submission to enforcement. BGK may apply for an additional security in the case of high liability payment risk.The Client submits the application for the surety/guarantee to the bank providing credit facilities.Cooperating banks accepting applications for BGK sureties/guarantees:

Bank Ochrony Środowiska S.A.

PKO Bank Polski S.A.

Bank Spółdzielczy w Jastrzębiu Zdroju.

Alior Bank S.A.

SGB-Bank S.A.

HSBC Bank Polska S.A.

* the equivalent amount in PLN calculated according to the average currency exchange rate,announced in a given financial year by the National Bank of Poland in Table No 1 stating average exchange rates. In 2015, the amount for an individual loan repayment surety/guarantee may not be higher that PLN 43,078,000.00.

** As defined in accordance with Annex I to the Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty

Bank Gospodarstwa Krajowego informs and makes hereby a restriction that no information published on the Bank’s website can be regarded as a conclusive offer accordingto civil law for any entity, and in particular an offer of any services, including bank services rendered to the users of BGK electronic services, i.e. Customers and Partnersof the Bank. These data have been published for information only.